Intuitive Machines (NASDAQ:LUNR) Rating Reiterated by Benchmark

Benchmark reiterated their buy rating on shares of Intuitive Machines (NASDAQ:LUNR) in a research report sent to investors on Wednesday morning, Benzinga reports. Benchmark currently has a $10.00 price objective on the stock.

A number of other analysts have also issued reports on the stock. Cantor Fitzgerald reiterated an overweight rating and set a $10.00 price objective on shares of Intuitive Machines in a research note on Monday, September 9th. Roth Mkm reiterated a buy rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday. Finally, B. Riley initiated coverage on shares of Intuitive Machines in a research report on Friday, June 28th. They issued a buy rating and a $8.00 price objective for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of $9.80.

Intuitive Machines Trading Up 38.3 %

Shares of Intuitive Machines stock opened at $7.47 on Wednesday. The company has a fifty day moving average price of $4.61 and a 200 day moving average price of $4.88. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $13.25. The stock has a market cap of $931.00 million, a price-to-earnings ratio of 18.22 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. Analysts forecast that Intuitive Machines will post 0.47 earnings per share for the current year.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $6.08, for a total transaction of $3,469,886.40. Following the transaction, the director now directly owns 3,551,606 shares in the company, valued at approximately $21,593,764.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the completion of the sale, the director now directly owns 3,551,606 shares of the company’s stock, valued at $21,593,764.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.36, for a total value of $168,000.00. Following the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $1,219,041.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,827,154 shares of company stock worth $9,893,973. Insiders own 73.68% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds have recently added to or reduced their stakes in LUNR. Vanguard Group Inc. raised its holdings in shares of Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after purchasing an additional 429,531 shares during the period. Squarepoint Ops LLC acquired a new stake in Intuitive Machines during the second quarter worth about $536,000. Bank of New York Mellon Corp bought a new position in Intuitive Machines in the second quarter worth about $272,000. Sanders Morris Harris LLC raised its position in shares of Intuitive Machines by 264.9% during the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after purchasing an additional 50,600 shares during the period. Finally, XTX Topco Ltd bought a new position in Intuitive Machines during the 2nd quarter worth $164,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.